West Palm Paint & Sip Art Studio for Sale - Established Customer Base

West Palm Beach, FL (Palm Beach County)

West Palm Location
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Asking Price: $270,000

Cash Flow: $90,000

Gross Revenue: $387,948

EBITDA: $90,000

FF&E: $40,000

Inventory: $1,800

Rent: $8,900 /Month

Established: 2012

West Palm Paint & Sip Art Studio for Sale - Established Customer Base

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Business Description

Paint and Sip Art Studios for Sale - Established Customer Base

This social art studio offers a great opportunity to own a fun, social and creative business while still having a support system in place. The studio offers group classes for friends open to the public as well as kids camps and private events for kids parties, bachelorette events, and corporate events. Two locations are available for purchase, individually or separately, Jupiter and West Palm Beach, these studios have an established customer base and are involved in philanthropy and projects with the local schools and colleges. No art experience is necessary as the studio currently has highly experienced artists in place as instructors. However, an owner/operator that does have art experience could substantially increase the profit margins while having fun.

These locations are not a franchise, however a license from corporate is the current structure for both. Royalties are 6%. However I am willing to sell the fixtures and lease if that is preferred. The benefit continuing the license agreement is support from corporate, website maintenance, website and office platform for managing your businesses, online advertising as well as graphic design for the studios, existing client database of over 15000 customers and over 4000 pieces of licensed artwork to replicate with confidence.

The West Palm location was established in 2012 and has been in its current location for 5 years. The warehouse space in the heart of downtown West Palm right next to the new Brightline location provides the perfect spot for this thriving business. This studio has two party rooms currently and will hold upto 120 painters with space to grow. Currently the office space on the second floor is being subleased but could be made to additional studio space. This location is for sale with an asking price of $270000 including the mobile studio van and supplies. An owner operator should be able to make $90000 per year plus after expenses.

The locations are being sold together for $385,000 or separately. I will be happy to meet and provide access to locations and financial information. Numbers provided are based on an owner operator without staff managers.

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Detailed Information

Location:
West Palm Beach, FL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
5,000
Lease Expiration:
12/31/2021
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Specializing in Sip and Paint canvas events. The West Palm studio is warehouse space of approx. 5300 sq. ft. All fixtures are included. Both studios recently added a wine/beer license to serve our patrons. This makes for a wonderful additional income source at both studios. It was added in June to the West Palm Location and is already turning a profit. The package also comes with a MOBILE STUDIO consisting of a Ford Transit Van all outfitted to go on offsite paint trips to local businesses. We can bring the paint party to you!
Competition:
While there are other sip and paint studios within Palm Beach County, our two studios boasts 5 star customer service ratings on all of the major sites and has an established customer base of over 15000 people that allows the new owner to quickly begin marketing with brand recognition. We are also the largest dominate Paint and Sip in central and north Palm Beach County.
Growth & Expansion:
The new owner can expand the class offerings to include crafts and workshops as well as daytime classes. An owner operator will substantially increase the profits for this business. The new wine and beer bar, Hops and Vines is already turning a profit!
Financing:
SBA Financing Available on this business
Support & Training:
The current owner is offering 4 weeks (One cycle) of training. The corporate office is always there to offer support and guidance.
Reason for Selling:
Life Change
Franchise:
This business is an established franchise
Business Website:
http://www.Uptownart.com
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Business Listed By:
Nicole Evasius

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